Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus CheckingSM account and set up direct deposit. This is our recommended Checking account for the added benefits. Full Review

Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Limited time only.
Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Limited time only.
Get a $200 Welcome Deposit for eligible new customers who open an HSBC Choice Checking account with qualifying activities. Limited time only.Member FDIC.

Get up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase SavingsSM account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days. Full Review

Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. Full Review

Open a new TD Bank Premier CheckingSM account online to earn a $300 bonus. Or, open a new TD Bank Convenience CheckingSM account online to earn a $150 bonus. Both offers have a direct deposit requirement. Full Review

Earn 25,000 loyalty bonus miles worth $250 each and every year with the Barclays Arrival® Premier World Elite Mastercard® when you spend at least $25,000 during the year. This card earns unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms.Full Review

Open an online Money Market Account from CIT Bank (available nationwide) and earn a 1.75% APY rate on all balances. There’s no monthly service charge and the minimum opening deposit is just $100. Full Review

Ally Invest has a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades for 90 days. Ally Invest is one of the best options for a low-cost stock broker. Full Review

US Bank Silver Business Package Checking Account Review

By: Tony Phan | Last Updated: April 12, 2018 | This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program. Please visit our Advertiser Disclosure for additional details.

It’s marketed as a simple business checking account for businesses with limited transaction activity. Compared to all the accounts available from the largest banks in the nation, this is one of the better free business checking options.

Established in 1863 and headquartered in Cincinnati, OH, US Bank is one of the biggest banks in the United States with over 3200 locations across these states: AR, AZ, CA, CO, FL, GA, IA, ID, IL, IN, KS, KY, MN, MO, MT, ND, NE, NM, NV, OH, OR, SD, TN, TX, UT, WA, WI, and WY. It’s big footprint plays a great part in why this account is a good choice for many businesses.

What Makes The Silver Business Package Checking One Of The Best?

The Silver Business Package Checking has no monthly fee, qualifying it as a free Checking account. While it avoids this fee that many other business accounts incur, it doesn’t avoid the Transactions and Cash Deposit limits that are so common with business Checking accounts.

You’ll receive 150 transactions a month at no charge, which include banking needs like deposits, debit card purchases and online payments. Going over that limit, you’ll get charged 50 cents per transaction.

With the Cash Deposit limit, you’ll get charged a typical 15 to 20 cents per additional $100 deposit over the limit. This fee will vary a bit state to state. The limit is 25 “units” every month in cash deposits. The limit isn’t straightforward, and each unit is a cash deposit divided by 100, which is then rounded to a whole number. So, if you deposit $290 in one transaction, the 2.90 is rounded up to 3 units towards the 25 unit monthly maximum.

While these fees are definitely something to consider, businesses with limited transaction and cash deposit needs will find this is a great fit for a Business Checking account with no monthly fee.

Compare the Silver Business Package Checking account to the Chase Total Business Checking®, which has a $12 monthly fee that is easily waived with a $1,500 minimum daily balance. Even better, you’ll be able to earn a great sign-up bonus with this account from Chase.

No Monthly Maintenance Fee. There are no checking account maintenance fees or minimum balance requirements with a Silver Business Package Checking account.

Item Fees. $0.50 for each transaction above 150 per statement cycle

MoneysMyLife Top Offer Picks

Earn a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit. Also earn a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. Apply for both offers and get a $350 total bonus. Full Review

Get $300 when you open a new Chase Premier Plus CheckingSM account and set up direct deposit. This account has more features than the Chase Total Checking® and the monthly service fee can be waived with a few different requirement options. A $300 Checking bonus is one of the best offers from Chase Bank. Full Review

Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. This is the most popular Business Checking offer.Full Review

Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. Full Review

Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Limited time only.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Limited time only.Get a $200 Welcome Deposit for eligible new customers who open an HSBC Choice Checking account with qualifying activities. Limited time only. Member FDIC.Earn up to 25,000 bonus miles worth $250 in travel every year with the Barclays Arrival® Premier World Elite Mastercard®. Without an initial sign-up bonus, this credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms. Full Review

The HSBC Cash Rewards Mastercard® has a sign-up bonus of $150 when you spend at least $500 on purchases within the first 3 months of account opening. This credit card will also earn an ongoing 1.5% cash rewards rate on all purchases and has no foreign transaction fees. There is no annual fee with this card. Full Review

CIT Bank is offering a 1.75% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. Full Review

Ally Invest is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. Full Review

Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Full Review

Get up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase SavingsSMaccount, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days.

Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Limited time only.

Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Limited time only.

Get a $200 Welcome Deposit for eligible new customers who open an HSBC Choice Checking account with qualifying activities. Limited time only.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. The information, including rates and fees, presented in the review is accurate as of the date of the review. Please refer to issuer website and application for the most current information. We may be paid for the content on this site.

Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus CheckingSM account and set up direct deposit.

About Tony Phan

*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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Enjoy $300 as a new Chase checking customer, when you open a Chase Premier Plus CheckingSM account and set up direct deposit. This is our recommended Checking account for the added benefits. Full Review

Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Limited time only.
Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Limited time only.
Get a $200 Welcome Deposit for eligible new customers who open an HSBC Choice Checking account with qualifying activities. Limited time only.Member FDIC.

Get up to $350 when you open a new Chase Total Checking® account with Direct Deposit and/or open a new Chase SavingsSM account, deposit $10,000 or more in new money and maintain a $10,000 balance for 90 days. Full Review

Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. Full Review

Open a new TD Bank Premier CheckingSM account online to earn a $300 bonus. Or, open a new TD Bank Convenience CheckingSM account online to earn a $150 bonus. Both offers have a direct deposit requirement. Full Review

Earn 25,000 loyalty bonus miles worth $250 each and every year with the Barclays Arrival® Premier World Elite Mastercard® when you spend at least $25,000 during the year. This card earns unlimited miles at the rate of 2 miles per $1 spent on all purchases. See Terms.Full Review

Open an online Money Market Account from CIT Bank (available nationwide) and earn a 1.75% APY rate on all balances. There’s no monthly service charge and the minimum opening deposit is just $100. Full Review

Ally Invest has a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades for 90 days. Ally Invest is one of the best options for a low-cost stock broker. Full Review

*Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card and banking companies from which MoneysMyLife.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MoneysMyLife.com does not include all credit card and banking companies or all available credit card and banking offers. • This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.